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Thursday, October 22, 2015

ST. PETERSBURG – 22-October-2015 – Wes Baldwin, president of renowned Carolinas public-adjusting firm, The Baldwin Company, Inc. (www.thebaldwinco.com), has been asked to be the sole presenter this week at a by-invitation-only financial conference in St Petersburg.

Sponsored by Raymond James Tax Credit Funds, Inc. (www.rjtcf.com), the exclusive event has gathered together 15 of the nation’s most significant non-bank syndicators of Low Income Housing Tax Credit (LIHTC) development. Baldwin was asked to address the issues that can arise from property-insurance claims when LIHTC projects – whether completed or still under construction – suffer losses from such insured perils as fire or weather-related Acts of God.

According to the meeting’s organizer, Raymond James’ Steve Johnson, Baldwin was invited due to his more than 40 years of extensive experience as a Public Adjuster (PA) in settling claims for apartment and condo complexes across the country. Public Adjusters are professional claims adjusters who are retained by insured property owners – both commercial and residential – to help analyze, document, put together, adjust, and as the owners’ representative, reach a realistically sufficient settlement with their insurance companies. Baldwin has extensive experience in claims arising from not only fire losses but also such storm-related perils as hurricanes, tornadoes, and hail, to name but a few.

Baldwin, who founded his company in 1976 in Columbia, SC, prior to moving to Charlotte in 1981, has led the way for Public Insurance Adjusters in the Carolinas: When he started his firm in the 1970s, the public-adjusting profession was not well known in the southeastern part of the country. But, as the first public-adjusting firm based in the Carolinas, Baldwin set a precedent for thorough and ethical assistance with property claims throughout the area, and has since been followed by several more PA’s in the intervening 40 years. Baldwin has enjoyed the esteem of his fellow public adjusters as indicated by having been elected to serve on the board and as president of the PA industry’s professional association, the National Association of Public Insurance Adjusters (www.napia.com), as well as having been named that group’s Man of the Year in 2008.

Firms represented at the LIHTC conference in St. Petersburg this week included syndicators from such heavyweights as Boston Financial, National Equity Fund, Richman Asset Management, WNC, City Real Estate Advisors, Boston Capital, Enterprise Community Investment, RBC, and Redstone Equity Partners.